image source: DragosRoua.com

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Hello and welcome to the fourteenth day of the June 30 days writing challenge. If you want to know all the details about this specific challenge, have a look at the introductory post. In short, I will be posting every day a short tip, or technique, or opinion, something that you can call a "life hack". Feel free to join the challenge and post your own life hacks. I will do my best to upvote each day at full strength (about $3 at the current STEEM price) 3 posts tagged #challenge30days (leaving a link to your posts in the comments will also help).

The 1% Per Day Compound Rule

.Way too often, when we want to change our lives, by learning a new skill, improving our finances or health, we start with a big push, followed, almost always, by exhaustion, lack of motivation and boredom. We try to get to that peak by one big jump, and, because we're seldom make it with one big jump, we're out of energy. And we just stop.

Another approach, one that actually works, is to get better at whatever you want to improve with only 1% per day.

Suppose you want to learn FOREX trading (that's a real example, by the way, that's how I did it). The initial impulse is so strong, and the area that you have to master so big, that you just rush into it, full throttle. At last that's what I did, in the beginning. Needless to say that this was a very expensive way to learn FOREX trading, because, obviously, I lost some money.

So I changed the approach and started to educate myself, around 30 minutes per day. I learned the basics of candlesticks patterns, price movement, financial education and emotional control. It took me about 1 year, but at the end of this year I was flat, meaning I recovered my initial loss (and regained my self-esteem).

Since I already know this is working, I apply it in many other areas, like, for instance, learning Spanish. I already told you that I'm into it and I'm using an app, Doulingo, for that. I'm not practicing more than 20-30 minutes per day, but I practice every day (or at least I try, and when I miss a day, I make it up the next day). I'm already comfortable with basic sentences and I know this will just get better. I don't aim at more than 20-30 minutes per day, but, like I said, I do my best to practice every day.

Another way to visualize the effectiveness of this technique is to look at your trading portfolio and try to make just 1% more each day. I know that, for many of the newbies in crypto ("when moon?") 1% is a ridiculous percentage, but if you make 1% each and every day, at the end of the year you'll end up with a whopping 37.8% profit, which, by any standards, is a very consistent gain.

I'm really curious to read about your life hack today. Leave a comment with a link to your post, if possible.

Previous Posts In The Challenge

• June 30 Days Writing Challenge - Life Hack - Day Thirteen: Get Rid Of TV. For Good.
• June 30 Days Writing Challenge - Life Hack - Day Twelve: Save 10% Of Your Income - No. Matter. What.
• June 30 Days Writing Challenge - Life Hack - Day Eleven: Set - And Keep - A Monthly Personal Expense Budget
• June 30 Days Writing Challenge - Life Hack - Day Ten: Set A "Main Task" For Each Day
• June 30 Days Writing Challenge - Life Hack - Day Nine: Keep A Journal
• June 30 Days Writing Challenge - Life Hacks - Day Eight: Keep An Activity Log
• June 30 Days Writing Challenge - Life Hacks - Day Seven: Implement A New Habit With A 30 Days Challenge
• June 30 Days Writing Challenge - Life Hacks - Day Six: Put It In Front Of The Door
• June 30 Days Writing Challenge - Life Hacks - Day Five: The Pomodoro Technique
• June 30 Days Writing Challenge - Life Hacks - Day Four: Keep A Clear Mind By Unloading Ideas Immediately
• June 30 Days Writing Challenge - Life Hacks - Day Three: Intermittent Fasting
• June 30 Days Writing Challenge - Life Hacks - Day Two: The "2 Minutes" Time Management Rule
• June 30 Days Writing Challenge - Life Hacks - Day One: Avoid Fighting With A Simple Visualization Technique
• Announcing The June 30 Days Writing Challenge - Life Hacks

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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